ASEAN Exchanges, a collaboration of seven Southeast Asian bourses, on Thursday announced the roll out of the ASEAN Trading Link, an initiative which will see the participation of member exchanges taking place progressively.
The first stage will see the connectivity of Singapore Exchange and Bursa Malaysia in June 2012, to be followed by the Stock Exchange of Thailand in August 2012 after its new trading engine goes live.
The participation dates of the other ASEAN Exchanges members from the Philippines, two from Vietnam, and Indonesia will be announced at a later date.
“The three bourses that will participate in the first stage of the ASEAN Trading Link represent approximately 70 per cent of the market capitalisation of the seven-member collaboration, thus offering substantial investment opportunities for investors.”
The seven ASEAN Exchanges have a combined market capitalisation of approximately
US$2.0 trillion, with more than 3,600 companies listed on their exchanges.
Some of these companies are the largest and most dynamic companies in the world, including those in the finance and banking, energy, telecommunications, commodities, automotive manufacturing and other industrial sectors.